[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion]Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao
On March 16, 2026, the first ammonia fuel low-speed engine of CSSC Engine was successfully delivered for inspection, filling the gap in domestic zero carbon ship power and will be installed on a 210000 ton bulk carrier.Editor/Gao Xue
The Aktau Gas Power Plant, a joint venture project of China Huadian Corporation, is planned to be put into operation in June 2027, with a total investment of 108 billion tenge and an installed capacity of 160 megawatts, creating more than 300 jobs.Editor/Gao Xue